The National Real Estate Development Council (NAREDCO) has suggested the finance ministry to come up with the second tranche of the Special Window for Affordable and Mid-Income Housing (SWAMH) fund with Rs. 50,000 crore corpus in the upcoming union budget for FY 2024-25 along other budgetary support and relaxations including allowing input tax credit under GST and incentives for rental housing in order to achieve the housing for all target.
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In its letter to the finance minister, Nirmala Sitharaman, NAREDCO reiterated its long-standing request for allowing the option of claiming input tax credit by residential project developers with higher of GST.
Read more at: Realty.com /Economic Times
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